Ola Electric Mobility Shares Slump 6% Amid Fresh Block Deal
Ola Electric Mobility Ltd's shares fell over 6% following a block deal of 2.41 crore shares (0.55% equity) at ₹44.00 per share, totaling ₹107.00 crore. This follows a recent ₹731.00 crore block deal where Hyundai Motor Company sold its stake. The company reported wider Q1 net losses and a 62% year-over-year revenue decline, but projects growth for the next quarter.
18Jun 25
Ola Electric Launches 0% Commission Model Amid Financial Challenges
Ola Electric Mobility has implemented a nationwide 0% commission model, allowing drivers to keep 100% of their fares. This move comes as the company faces financial difficulties, with its latest quarterly results showing widened losses of Rs 870.00 crore and a 62% year-over-year revenue decline to Rs 611.00 crore. Vehicle deliveries also decreased to 51,375 units from 115,000 in the same quarter last year. Despite these challenges, Ola Electric's annual performance includes 3.59 lakh unit deliveries and an adjusted revenue of Rs 4,665.00 crore.
05Jun 25
EU Official Cautions on China's Economic Growth Impact
Maros Sefcovic, a high-ranking EU official, has expressed concerns about the potential consequences of China's robust economic growth on the European economy. The statement highlights the complex relationship between the two economic powerhouses and the challenges ahead. Potential areas of impact include trade dynamics, competitive pressures, investment patterns, and the technological race. While no specific policies were outlined, the EU may need to consider strategies to strengthen European competitiveness, enhance economic resilience, foster innovation, and develop balanced trade relationships with China.
05Jun 25
Ola Electric: Founder Pays Rs 20 Crore to Maintain Share Pledge Amid Stock Price Decline
Bhavish Aggarwal, founder of Ola Electric, has paid ₹20 crore to maintain a share pledge related to a ₹250 crore raise for his AI venture Krutrim Data Center Pvt. This move was to top up collateral for borrowings against shares. Following this news, Ola Electric Mobility Ltd. shares fell by 1%.
04Jun 25
Ola Electric Shares Plummet 42% YTD, Becoming Worst Performer in Nifty Midcap 150
Ola Electric Mobility Ltd. has experienced a 42% decline in stock value year-to-date, making it the worst performer in the NSE Nifty Midcap 150 index. Hyundai and Kia sold shares worth ₹690 crore, with Hyundai completely exiting its position. Citigroup, however, purchased shares worth ₹437 crore. Analyst opinions are divided, with 43% revising their price targets in the past month, indicating uncertainty about the company's future prospects.
03Jun 25
Ola Electric Shares Tumble 7% Amid Reports of Hyundai's Stake Sale
Ola Electric's stock dropped 7.00% following reports of a large block deal involving 14.22 crore shares (3.23% of equity) at ₹51.40 per share. Market sources suggest Hyundai Motor Company is likely selling part of its stake in the Indian EV manufacturer, though the extent of divestment is unclear. This potential stake reduction by a major investor has significantly impacted market sentiment towards Ola Electric.
Ola Electric Shares Tumble 4.5% on Weak Q4 Results and Market Share Loss
Ola Electric's shares fell 4.5% following disappointing Q4 results. The company reported widening losses of ₹870.00 crore and a 41.50% revenue decline. Ola also lost market share to competitors TVS and Bajaj Auto in May. Analysts have mixed views: Kotak downgraded the stock to 'Sell' with a ₹30.00 price target, while Goldman Sachs maintains a 'Buy' rating but lowered its target to ₹70.00.
Ola Electric Gears Up for In-house Battery Cell Production
Ola Electric plans to begin using its own battery cells in its vehicles within the next few months. This strategic move aims to enhance vertical integration, reduce dependence on external suppliers, and potentially improve vehicle quality and performance. The transition could lead to cost efficiencies, better quality control, customization opportunities, and increased supply chain resilience.
29May 25
Ola Electric Reports Q4 Revenue Decline and Increased Losses, Outlines Future Plans
Ola Electric's Q4 results show a 61.76% year-over-year revenue decline to ₹6.11 billion and doubled net losses to ₹8.70 billion. The company announced plans to improve gross margins to 35% by Q2 FY26, expand Gigafactory production, raise ₹17 billion in non-dilutive debt, and increase warranty provisions by ₹2.50 billion. Some product launches will be delayed as Ola focuses on scaling revenue and improving operating leverage in FY26.
29May 25
Ola Electric Reports Widening Losses and Revenue Decline in Q4
Ola Electric Mobility's Q4 results show significant financial challenges. The company's consolidated net loss expanded to Rs 870.00 crore from Rs 416.00 crore year-over-year. Revenue dropped by 61.70% to Rs 611.00 crore, while EBITDA loss doubled to Rs 695.00 crore. These results contradict earlier claims of achieving operational profitability and align with ICRA's recent downgrade of Ola's rating to BBB+ with a negative outlook.
22May 25
Ola Electric Approves Rs 1,700 Crore Debt Funding Proposal
Ola Electric's board has approved raising up to Rs 1,700 crore (approximately $205 million) through various debt instruments including term loans, non-convertible debentures, and other debt securities. The funds will be raised via private placement within shareholder-approved borrowing limits. This significant capital infusion is likely aimed at expanding production capacity, investing in R&D, strengthening charging infrastructure, and enhancing the product portfolio in the rapidly growing Indian electric vehicle market.
20May 25
Ola Electric to Consider Fundraising Proposal on May 22
Ola Electric, the EV arm of ride-hailing company Ola, has announced a board meeting on May 22 to evaluate a fundraising proposal. While details about the size and purpose of the potential fundraise remain undisclosed, it could support various aspects of the company's operations including R&D, manufacturing expansion, charging infrastructure, and market growth efforts. This move comes amid rapid growth and increasing competition in India's electric vehicle market.
20May 25
Ola Electric to Consider Fundraising via NCDs Amid Stock Slump
Ola Electric Mobility Ltd. has announced a board meeting on May 22 to discuss potential fundraising through non-convertible debentures (NCDs) or other debt instruments via private placement. This move comes as the company's stock trades at 52.56, significantly below its IPO price of 76.00. The fundraising initiative aims to strengthen the company's financial position, fund growth initiatives, and demonstrate market confidence without diluting existing shareholder equity.
06May 25
Ola Electric Mobility Clarifies Perpetual License for 'Ola' Brand in Global EV Operations
Ola Electric Mobility Limited has issued a clarification regarding its license to use the 'Ola' brand for its electric vehicle (EV) business. The company holds a perpetual, royalty-free, non-exclusive, non-transferable, non-assignable, and revocable license for certain intellectual property, including the 'Ola' logo and word-mark. This license, granted under a Business Transfer Agreement dated January 18, 2019, allows Ola Electric to use the brand globally for its EV operations. The company emphasized that this information was previously disclosed in its prospectus and reaffirmed its commitment to compliance and transparent communication with stakeholders.